Coal producer Alpha posts $2.23-billion loss in 2d qtr.

Aug 08, 2012 | 05:20 PM | Stacy Irish

Tags  Alpha Natural Resources, metallurgical coal, quarterly earnings, Stacy Irish

NEW YORK — Metallurgical coal producer Alpha Natural Resources Inc. saw its loss surge in the second quarter amid weak international demand and production cuts.

Alpha posted a net loss of $2.23 billion for the three months ended June 30, more than 44 times the $50.1-million net loss recorded in the year-ago quarter, according to the company’s earnings results, released Wednesday. That’s despite increased revenue of $1.85 billion, up 15.6....

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